TheStreet upgraded shares of SPX Co. (NASDAQ:SPXC) from a sell rating to a hold rating in a research report report published on Monday.

Separately, Zacks Investment Research cut shares of SPX from a buy rating to a hold rating in a research note on Wednesday, August 3rd.

SPX (NASDAQ:SPXC) traded up 1.95% during mid-day trading on Monday, hitting $24.07. The company had a trading volume of 358,231 shares. The stock’s market capitalization is $1.01 billion. The stock has a 50 day moving average price of $20.22 and a 200-day moving average price of $17.82. SPX has a 1-year low of $7.62 and a 1-year high of $24.15.

SPX (NASDAQ:SPXC) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.23 by $0.09. The business had revenue of $359.80 million for the quarter, compared to analyst estimates of $382.10 million. The firm’s quarterly revenue was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($2.58) EPS. On average, analysts forecast that SPX will post $1.12 earnings per share for the current year.

In other news, insider Michael Andrew Reilly sold 2,258 shares of the company’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $19.19, for a total transaction of $43,331.02. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Hedge funds have recently made changes to their positions in the stock. Highbridge Capital Management LLC raised its stake in SPX by 352.5% in the third quarter. Highbridge Capital Management LLC now owns 38,725 shares of the company’s stock worth $780,000 after buying an additional 30,167 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in SPX during the third quarter worth $574,000. OMERS ADMINISTRATION Corp purchased a new stake in SPX during the third quarter worth $570,000. HighTower Advisors LLC purchased a new stake in SPX during the third quarter worth $1,496,000. Finally, Weiss Asset Management LP purchased a new stake in SPX during the third quarter worth $239,000.

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About SPX

SPX Corporation is a diversified, global supplier of infrastructure equipment. The Company operates through three segments: heating, ventilation and air conditioning (HVAC); Detection and Measurement, and Power. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products.

5 Day Chart for NASDAQ:SPXC

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